DiscoverBank has climbed to the top of 10 year CD rates offering 2.50% APY with a minimum deposit of $2,500. Not only that DiscoverBank's 10 year IRA CD offers the same high rate.
What you Need to Know
DiscoverBank stands out from the crowd for a couple reasons. Not only have they consistently offered top tier rates over the years, but they also offer a full product line of IRA CDs.
This is important, because interest income is taxed at your highest marginal tax rate. Taxed or tax free determines whether your CD investment will increase your purchasing power or not. Also, when your money grows tax free, it compounds at a much faster rate – over a longer period of time, it will be easy to beat inflation as the yield curve grows more exponential.
DiscoverBank's Early Withdrawal Fees
Make sure you're aware of the early withdrawal fees:
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DiscoverBank's CDs are available nationwide. You can open a CD account online at: DiscoverBank.com
